Increasing Supply And Trade Volume Irrespective of Decreased Demand For Materials

This week’s announcement of the new base prices for materials showed price increases for many materials under the influence of another increase in the official price of the US$.

The official price or US$ (NIMA System) increased by 1..98% equal to Rls. 2,409, whereas some materials increased by more than 4%, showing that the formulas for materials price definitions are more regulatory for markets balancing. By the way this is the weekly show that PDID Office of NPC has to manage every week in order to control the market as it wishes.

The comprehensive table of the trading volume of the petrochemical hall of IME shows interesting indicative figures for Iran polymer markets.

First of all the cash flow among true buyers have been lowered. This could be seen and compared with the highest amount of purchases at one time bid which usually was above 3000 tons. Now as it is shown in table one, the highest is less than one thousand.

Then, PP materials have been more attractive in purchases even with small competitive. Table I shows these difference in comparison with that of last week.

The next table shows the news prices in comparison with last week. (Click Here)

The final table shows last week’s (Feb. 2-9) trading figures at the IME hall of stack exchange,

Table III: Last week’s (Feb. 2-9th.) trade figures at IME hall, including prices and ODTv indexes